Crypto Liquidations Surge $380M as Bitcoin Range Stalls
Crypto liquidations surged to $379.9 million in 24 hours after Bitcoin retraced from a $107K high to $104.7K, triggering forced liquidations of leveraged positions. A price bounce from $101.6K to $106.6K stalled within a tight $104.7K–$107.1K range, catching traders who bet on a breakout. Bitcoin liquidations totaled $81.4 million, evenly split between longs and shorts, while Ethereum saw $71.9 million in mainly long liquidations. ZCash liquidations reached $31.2 million, largely bullish. CoinGlass data highlights liquidity zones at $103.8K–$104.4K and $100.7K–$102.4K. These crypto liquidations underscore the market’s volatility. Traders should monitor support and resistance, manage leverage cautiously, and avoid premature breakout bets amid ongoing volatility.
Neutral
The neutral classification reflects the combined impact of significant liquidations and persistent price consolidation. In the short term, heavy forced liquidations increase volatility and risk, deterring clear directional bets. Over the longer term, Bitcoin’s failure to break out of its range suggests a period of consolidation, emphasizing range-bound strategies rather than trend following. As traders digest the unsettled market structure and liquidity at key zones, the price is likely to fluctuate within established levels rather than trending strongly up or down.